Valuation for Inheritance Tax (Probate)

We can establish the value of a property that is subject to inheritance tax.

Valuation for Inheritance Tax (Probate)

A Probate Valuation establishes the value of a property that is subject to inheritance tax at the date of death. It reflects the open market value of the property, which can be subject to HMRC scrutiny.

A Probate Valuation differs from a Market Valuation, which considers a wider range of factors beyond the open market value.

As a matter of fact, properties subject to market value can achieve a higher sale figure if their features are particularly desirable, or if there is a high demand for such properties compared to the supply of such properties. In cases where the property is subject to a probate valuation, this type of variable does not apply.

Residential Valuations across Tyne and Wear

As RICS-registered valuers, we provide accurate, independent and professionally prepared building valuations across Tyne and Wear. Our valuations are carried out in accordance with current RICS standards and are suitable for a wide range of formal and statutory purposes, including:

Help to Buy and Shared Ownership
Probate and Inheritance Tax matters
Matrimonial or Divorce proceedings
Insurance Reinstatement Costings and assessments
Re-mortgaging and Independent Valuations
Independent Asset Valuations

All valuations are carried out to RICS standards, ensuring professionalism, accuracy, and reliability.

Why Choose Andrew James Property Surveyors in Tyne and Wear?

RICS-Accredited Expertise: Our reports and property valuations meet the highest professional standards.
Regional Knowledge: Based in the North East, our surveyors have extensive experience across Tyne and Wear’s varied residential property market, from period homes to modern developments.
Personal Service: Our surveyors maintain a small case load, so every client receives prompt attention and detailed care.
Post-Report Review Call: Every client benefits from a personal follow-up call with the surveyor to discuss findings and next steps.
Clear and Understandable Reports: No jargon – just transparent insights you can act on.
Impartial Advice: We work solely for you, our client.

Whether you are purchasing your first home, expanding your Tyne and Wear property portfolio, or preparing a property for sale, we provide the clarity and reassurance needed to make informed decisions.

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What Our Clients Say

“We chose Andrew James Property Surveyors based on their excellent reputation. In a very short timeframe after contacting them, they scheduled a Homebuyers Survey (Level 2) for a price we considered to be very reasonable. Within 5 days of completing the survey, they sent a detailed report that was easy to understand and clearly outlined the areas to focus on for us and our solicitors. I couldn’t have asked for a better service. Andrew James Property Surveyors is definitely a company I would recommend.”
— Mr Alan B

“Exceptional service. We booked to have a Level 3 survey and valuation done on a property we were hoping to purchase. Both the survey and valuation were very thorough and I felt like no stone was left unturned. Andy was amazing, calling the same day the reports were issued to help understand the conclusions, plus we knew we could call if we had any further queries. We felt like we were in very safe hands and that we’d really been looked after. What a great team! Will definitely use them again.”
— Jane Paterson

Frequently Asked Questions

Do I really need a building survey?
Yes – even newer homes can hide issues that aren’t visible during a viewing. A professional survey gives you peace of mind and leverage in negotiations.

Which survey level should I choose?
For modern properties in good condition, a Level 2 Home Buyers Report is often sufficient. For older homes, listed buildings, or properties with extensions, a Level 3 Building Survey is recommended. We’re happy to advise on the best option.

Are your valuations accepted by lenders and official bodies?
Absolutely. As a RICS-accredited practice, all our valuations meet the required professional standards and can be used for official purposes.

How quickly will I receive my report?
We aim to deliver reports within five working days of inspection – and we’ll call you personally to explain the findings.

Pricing and Quotes
Every property is unique, so we provide tailored quotes based on the type, age, and location of the building. You’ll receive a clear, all-inclusive price before we begin, with no hidden fees. For an accurate quote, simply contact us using the details below.